3.2.  Equipment Leasing Programs

Equipment leasing programs are DPPs that purchase new and used equipment for lease to individuals and businesses. A program may start with a business or a bank that forms an affiliated company at which it will serve as promoter and general partner. Programs may lease a single type of equipment or a broadly diversified portfolio that may include big ticket items such as aircraft, maritime vessels, and power plants, or lesser items such as harvesters, office equipment, and m